Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 813. (Read 2007101 times)

sr. member
Activity: 378
Merit: 251
I know what do. Everyone should dump their ETH right now. Just sell it at the lowest bids. Really. Doooo eeeeet.

To me....


And other whales who are trying to panic the masses..... Lolol

hey guppy, time to change your diaper
legendary
Activity: 2856
Merit: 1075
soo much fuel...soooooooo much   Wink   Grin
sr. member
Activity: 427
Merit: 250
Hi guys,

I am new to ethereum, and saw on the website ethereum.org that it is easy to start a crowdsale for you own project.

But from an investors perspective: where can i find these crowdsales?

I found
http://dapps.ethercasts.com/
But these projects seem to be already funded. So who can help me out?

Cheers!
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
I know what do. Everyone should dump their ETH right now. Just sell it at the lowest bids. Really. Doooo eeeeet.

To me....


And other whales who are trying to panic the masses..... Lolol
legendary
Activity: 1960
Merit: 1128
I'm not a technical guy, that's why I have to ask:

Regarding the replay attacks: http://www.coindesk.com/rise-replay-attacks-ethereum-divide/

Is the only way to get this solved that one of both executes a(nother) HF?

Because ETC won't Hard Fork. I don't believe that.

And ETH can't do another HF. Or maybe I'm wrong with that, but it couldn't be called ideal.


Or will it become un-important over time because user will separate it themselves?
sr. member
Activity: 378
Merit: 251
I hope developers realize that not only can they get forked, now eth miners have no morals and will 51% attack them. Eth has no morals

Spot on. The forked eth (ETHf) has no morals and are filled with a scam community
legendary
Activity: 3654
Merit: 8909
https://bpip.org
So what Cryptopia is saying is that if they are hacked and YOUR deposits are stolen from them, they believe the thieves should keep your deposits and they (Cryptopia) have no obligation to go after the thieves to get your money back or repay you for what you lost.

Why would anyone want to deal with such an exchange?  

Apples and cucumbers. In case of an exchange hack they can't just fork themselves and make stolen coins reappear out of thin air. And if you're referring to the DAO fork - ETH and/or slockit didn't really go after the thief (at least I'm not aware of any law enforcement action) nor did they repay anyone out of their own pocket, which are the two common actions when a reputable entity loses customer funds. The fork - bailout - makes everyone pay for it.
member
Activity: 120
Merit: 10
https://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88
Address  0x32be343b94f860124dc4fee278fdcbd38c102d88

Home Normal AccountsAddress

Overview | Poloniex Wallet
ETH Balance:    52,078.68675456 Ether ($666,607.19)

woa...i checked this 2weeks ago it was $6mill+
then last week it was $3mill+
a few days ago till today it was $1mill+
and now almost half a mill!

guess ETH traders dont like/trust polo anymore....we got better places to buy and trade now  Tongue


Right. Because it would be impossible to imagine that Poloniex perhaps moved their coins to another wallet after the fork. And all those orders are fake. And there is some secret exchange that everybody moved to. Sounds totally legit.


lol, there are many bigger exchanges than polo for ETH and yes there is also secret exchanges...ETH has a few decentralized exchanges thanks to the Ethereum network making it possible  Tongue

Name one exchange that has higher ETH/BTC volume than Poloniex.

The Poloniex is the highest volume exchange for ETC and ETH. It also has ETC/ETH trade pair, very handy.
legendary
Activity: 1960
Merit: 1128
Quote
The situation with DAO has absolutely nothing to do with ETH, and ETH has absolutely no business getting involved. ETH was not hacked. DAO implemented poorly constructed terms along with poorly written, tested and reviewed code
https://www.cryptopia.co.nz/Forum/Thread/675

Is it true?

I'm not a coder, but after all what I've read about theDAO and it's hack it's not true. Example:



Ethereum itself seems to be flawed according to the latest developments on the DAO Hack. Philip Daian, a researcher at Cornell University’s Initiative for Crytocurrencies & Contracts, just presented his latest findings on the hack, concluding:


"I would lay at least 50% of the blame for this exploit squarely at the feet of the design of the Solidity language.  This may bolster the case for certain types of corrective action.

I refuse to lay the blame exclusively on a poorly coded contract when the contract, even if coded using best practices and the following language documentation exactly, would have remained vulnerable to attack."


In a highly technical publication detailing the exploits that the hacker may have used, Daian stated:

"[T]his was actually not a flaw or exploit in the DAO contract itself: technically the EVM was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community, but missed by the designers of the language themselves."

(...)

https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/


Somebody else (Daniel Krawisz) states:

This problem is so serious that it cannot be treated as a bug in the DAO. The problem is with Solidity itself, which is the scripting language used in Ethereum. Update: The problem actually all the way down to the Ethereum virtual machine.

(...)

This means the same issue exists in Serpent, another Ethereum scripting language, and every other one they might come up with.


http://nakamotoinstitute.org/mempool/ethereum-is-doomed/#selection-11.0-11.15


 

I have no clue if it's all correct or not.

But theDAO proved one thing: Even Ethereum-Devs are obviously not able to develop a smart contract in a secure way.
At least it seems as if there is no way to code more complex stuff without feeling uncertain.


Under the line I personally don't have much faith in Ethereums future (or ETC's), because I don't believe it will ever be used for real business. I don't mean it that critical because my view is: Ethereum has a lot of value as scientific project, as something to find out possible ways but also how it can't be done. But for Ethereum the problem could be, that others will learn out of it and will do it better while Ethereum took too much steps into a direction that won't work.


Safe to say is: There will be serious and professional competitors in future. And what is left for Ethereum? A cute twin, a bail-out, a blockchain that can't be trusted, a team that can't be trusted - neither regarding their abilities nor their priorities.  



Yea. But, i do not understand why Cryptopia Delisting ETH. Roll Eyes

At least it was before the HF and it seems to be a mix of idealism and criticism because of the HF-decision.

This is the main-point for them:

"Cryptopia believe in immutable blockchain technology, we believe that ETH forking their network to save the failures of a 3rd party software developer operating independently that ETH had nothing to do with sets an incredibly dangerous precedent and will likely open the floodgates to rollbacks for any reason.

Cryptopia is delisting ETH with the intent to avoid participation in both the upcoming fork and the inevitable future forks."

https://www.cryptopia.co.nz/Forum/Thread/675



So what Cryptopia is saying is that if they are hacked and YOUR deposits are stolen from them, they believe the thieves should keep your deposits and they (Cryptopia) have no obligation to go after the thieves to get your money back or repay you for what you lost.

Why would anyone want to deal with such an exchange? 


What they are saying is that they believe in immutability of blockchains and disagree with a bail-out! And you should ask why anybody would want to deal with a project that rushes out and fucks up a $150 Mio Smart Contract. That's not the fault of any exchange!

And just by the way - replay attacks:

At present, it appears that exchanges have been most affected by the vulnerability.
http://www.coindesk.com/rise-replay-attacks-ethereum-divide/

I wouldn't blame the mess to any exchange. Polo did a great job but it's also respectable just to say "no, we don't want that".
full member
Activity: 185
Merit: 100
Quote
The situation with DAO has absolutely nothing to do with ETH, and ETH has absolutely no business getting involved. ETH was not hacked. DAO implemented poorly constructed terms along with poorly written, tested and reviewed code
https://www.cryptopia.co.nz/Forum/Thread/675

Is it true?

I'm not a coder, but after all what I've read about theDAO and it's hack it's not true. Example:



Ethereum itself seems to be flawed according to the latest developments on the DAO Hack. Philip Daian, a researcher at Cornell University’s Initiative for Crytocurrencies & Contracts, just presented his latest findings on the hack, concluding:


"I would lay at least 50% of the blame for this exploit squarely at the feet of the design of the Solidity language.  This may bolster the case for certain types of corrective action.

I refuse to lay the blame exclusively on a poorly coded contract when the contract, even if coded using best practices and the following language documentation exactly, would have remained vulnerable to attack."


In a highly technical publication detailing the exploits that the hacker may have used, Daian stated:

"[T]his was actually not a flaw or exploit in the DAO contract itself: technically the EVM was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community, but missed by the designers of the language themselves."

(...)

https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/


Somebody else (Daniel Krawisz) states:

This problem is so serious that it cannot be treated as a bug in the DAO. The problem is with Solidity itself, which is the scripting language used in Ethereum. Update: The problem actually all the way down to the Ethereum virtual machine.

(...)

This means the same issue exists in Serpent, another Ethereum scripting language, and every other one they might come up with.


http://nakamotoinstitute.org/mempool/ethereum-is-doomed/#selection-11.0-11.15


 

I have no clue if it's all correct or not.

But theDAO proved one thing: Even Ethereum-Devs are obviously not able to develop a smart contract in a secure way.
At least it seems as if there is no way to code more complex stuff without feeling uncertain.


Under the line I personally don't have much faith in Ethereums future (or ETC's), because I don't believe it will ever be used for real business. I don't mean it that critical because my view is: Ethereum has a lot of value as scientific project, as something to find out possible ways but also how it can't be done. But for Ethereum the problem could be, that others will learn out of it and will do it better while Ethereum took too much steps into a direction that won't work.


Safe to say is: There will be serious and professional competitors in future. And what is left for Ethereum? A cute twin, a bail-out, a blockchain that can't be trusted, a team that can't be trusted - neither regarding their abilities nor their priorities.  



Yea. But, i do not understand why Cryptopia Delisting ETH. Roll Eyes

At least it was before the HF and it seems to be a mix of idealism and criticism because of the HF-decision.

This is the main-point for them:

"Cryptopia believe in immutable blockchain technology, we believe that ETH forking their network to save the failures of a 3rd party software developer operating independently that ETH had nothing to do with sets an incredibly dangerous precedent and will likely open the floodgates to rollbacks for any reason.

Cryptopia is delisting ETH with the intent to avoid participation in both the upcoming fork and the inevitable future forks."

https://www.cryptopia.co.nz/Forum/Thread/675



So what Cryptopia is saying is that if they are hacked and YOUR deposits are stolen from them, they believe the thieves should keep your deposits and they (Cryptopia) have no obligation to go after the thieves to get your money back or repay you for what you lost.

Why would anyone want to deal with such an exchange? 
legendary
Activity: 1960
Merit: 1128
ROFL.
..
..
..
You actually read and care what cryptopia does? BWAHAHAHAHAHAHAHA



Just a little advice: While it may be not important what individuals say (and we can think of Cryptopia as "Individual" and not very important for Ethereum), it's always good to know what is going on collectively, to find out which opinions are "out there" and how intense they are. And the more individuals share opinions the more intense it is or becomes. Markets act psychologically, even if reactions are based on objektive informations. For me personally that is one priority, to find out "moods" and "opinions" of the collective.

Translated to the current situation of ETH after the hardfork: What Cryptopia says is not common sense but it's also not just Cryptopia. It is a collective opinion with kind of "increasing intensity". It's also true that those arguments now are used against Ethereum, so there is some intention. But Cryptopia is one example for those who stated their opinion before the Hard Fork and not after it like some others.


For Ethereum this situation and such arguments are really bad. Because it's hard to defend and if this tendency (collective criticism of the HF with such reasons) should continue to increase it won't have just impact on the price but also on everything else.

The reason is hard to explain but it's because of the mix of objectivity (the opinion is not without any base) plus "mood" (more emotional and subjective reactions and often with intention) and that can be self-fullfilling because it's spreading and intense. At some point it even changes opinions - that ppl who thought that the hard fork would be the right decision now believe and say it was wrong.

It's a dangerous dynamic for Ethereum and it can't be fixed because they can't jump back and there are no arguments to defend some of the criticism.
legendary
Activity: 1078
Merit: 1000
ROFL.
..
..
..
You actually read and care what cryptopia does? BWAHAHAHAHAHAHAHA


yes becouse a wise man cares what his critics say

you know slockit just arogantly laught about the warnings. and see what a mess it is now.
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
ROFL.
..
..
..
You actually read and care what cryptopia does? BWAHAHAHAHAHAHAHA

legendary
Activity: 1960
Merit: 1128
Quote
The situation with DAO has absolutely nothing to do with ETH, and ETH has absolutely no business getting involved. ETH was not hacked. DAO implemented poorly constructed terms along with poorly written, tested and reviewed code
https://www.cryptopia.co.nz/Forum/Thread/675

Is it true?

I'm not a coder, but after all what I've read about theDAO and it's hack it's not true. Example:



Ethereum itself seems to be flawed according to the latest developments on the DAO Hack. Philip Daian, a researcher at Cornell University’s Initiative for Crytocurrencies & Contracts, just presented his latest findings on the hack, concluding:


"I would lay at least 50% of the blame for this exploit squarely at the feet of the design of the Solidity language.  This may bolster the case for certain types of corrective action.

I refuse to lay the blame exclusively on a poorly coded contract when the contract, even if coded using best practices and the following language documentation exactly, would have remained vulnerable to attack."


In a highly technical publication detailing the exploits that the hacker may have used, Daian stated:

"[T]his was actually not a flaw or exploit in the DAO contract itself: technically the EVM was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community, but missed by the designers of the language themselves."

(...)

https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/


Somebody else (Daniel Krawisz) states:

This problem is so serious that it cannot be treated as a bug in the DAO. The problem is with Solidity itself, which is the scripting language used in Ethereum. Update: The problem actually all the way down to the Ethereum virtual machine.

(...)

This means the same issue exists in Serpent, another Ethereum scripting language, and every other one they might come up with.


http://nakamotoinstitute.org/mempool/ethereum-is-doomed/#selection-11.0-11.15


 

I have no clue if it's all correct or not.

But theDAO proved one thing: Even Ethereum-Devs are obviously not able to develop a smart contract in a secure way.
At least it seems as if there is no way to code more complex stuff without feeling uncertain.


Under the line I personally don't have much faith in Ethereums future (or ETC's), because I don't believe it will ever be used for real business. I don't mean it that critical because my view is: Ethereum has a lot of value as scientific project, as something to find out possible ways but also how it can't be done. But for Ethereum the problem could be, that others will learn out of it and will do it better while Ethereum took too much steps into a direction that won't work.


Safe to say is: There will be serious and professional competitors in future. And what is left for Ethereum? A cute twin, a bail-out, a blockchain that can't be trusted, a team that can't be trusted - neither regarding their abilities nor their priorities.  



Yea. But, i do not understand why Cryptopia Delisting ETH. Roll Eyes

At least it was before the HF and it seems to be a mix of idealism and criticism because of the HF-decision.

This is the main-point for them:

"Cryptopia believe in immutable blockchain technology, we believe that ETH forking their network to save the failures of a 3rd party software developer operating independently that ETH had nothing to do with sets an incredibly dangerous precedent and will likely open the floodgates to rollbacks for any reason.

Cryptopia is delisting ETH with the intent to avoid participation in both the upcoming fork and the inevitable future forks."

https://www.cryptopia.co.nz/Forum/Thread/675

full member
Activity: 121
Merit: 100
Quote
The situation with DAO has absolutely nothing to do with ETH, and ETH has absolutely no business getting involved. ETH was not hacked. DAO implemented poorly constructed terms along with poorly written, tested and reviewed code
https://www.cryptopia.co.nz/Forum/Thread/675

Is it true?

I'm not a coder, but after all what I've read about theDAO and it's hack it's not true. Example:



Ethereum itself seems to be flawed according to the latest developments on the DAO Hack. Philip Daian, a researcher at Cornell University’s Initiative for Crytocurrencies & Contracts, just presented his latest findings on the hack, concluding:


"I would lay at least 50% of the blame for this exploit squarely at the feet of the design of the Solidity language.  This may bolster the case for certain types of corrective action.

I refuse to lay the blame exclusively on a poorly coded contract when the contract, even if coded using best practices and the following language documentation exactly, would have remained vulnerable to attack."


In a highly technical publication detailing the exploits that the hacker may have used, Daian stated:

"[T]his was actually not a flaw or exploit in the DAO contract itself: technically the EVM was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community, but missed by the designers of the language themselves."

(...)

https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/


Somebody else (Daniel Krawisz) states:

This problem is so serious that it cannot be treated as a bug in the DAO. The problem is with Solidity itself, which is the scripting language used in Ethereum. Update: The problem actually all the way down to the Ethereum virtual machine.

(...)

This means the same issue exists in Serpent, another Ethereum scripting language, and every other one they might come up with.


http://nakamotoinstitute.org/mempool/ethereum-is-doomed/#selection-11.0-11.15


 

I have no clue if it's all correct or not.

But theDAO proved one thing: Even Ethereum-Devs are obviously not able to develop a smart contract in a secure way.
At least it seems as if there is no way to code more complex stuff without feeling uncertain.


Under the line I personally don't have much faith in Ethereums future (or ETC's), because I don't believe it will ever be used for real business. I don't mean it that critical because my view is: Ethereum has a lot of value as scientific project, as something to find out possible ways but also how it can't be done. But for Ethereum the problem could be, that others will learn out of it and will do it better while Ethereum took too much steps into a direction that won't work.


Safe to say is: There will be serious and professional competitors in future. And what is left for Ethereum? A cute twin, a bail-out, a blockchain that can't be trusted, a team that can't be trusted - neither regarding their abilities nor their priorities.  



Yea. But, i do not understand why Cryptopia Delisting ETH. Roll Eyes
legendary
Activity: 1960
Merit: 1128
https://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88
Address  0x32be343b94f860124dc4fee278fdcbd38c102d88

Home Normal AccountsAddress

Overview | Poloniex Wallet
ETH Balance:    52,078.68675456 Ether ($666,607.19)

woa...i checked this 2weeks ago it was $6mill+
then last week it was $3mill+
a few days ago till today it was $1mill+
and now almost half a mill!

guess ETH traders dont like/trust polo anymore....we got better places to buy and trade now  Tongue


Why should ETH-traders don't like/trust Polo? In my opinion it's by far the best exchange.

polo didnt do siding
i think exchanges should stay neutral and not take sides.

Sometimes I had the impression or the very speculative theory that Polo could be too close to Ethereum. But since they've added ETC I don't believe it anymore. And if I should name my Nr. 1 exchange it's Polo. It's never good to trust exchanges but they seem to be professionals.
legendary
Activity: 1078
Merit: 1000
https://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88
Address  0x32be343b94f860124dc4fee278fdcbd38c102d88

Home Normal AccountsAddress

Overview | Poloniex Wallet
ETH Balance:    52,078.68675456 Ether ($666,607.19)

woa...i checked this 2weeks ago it was $6mill+
then last week it was $3mill+
a few days ago till today it was $1mill+
and now almost half a mill!

guess ETH traders dont like/trust polo anymore....we got better places to buy and trade now  Tongue


Why should ETH-traders don't like/trust Polo? In my opinion it's by far the best exchange.

polo didnt do siding
i think exchanges should stay neutral and not take sides.
legendary
Activity: 1778
Merit: 1043
#Free market
legendary
Activity: 1960
Merit: 1128
Jump to: